Almanack Investment Partners LLC. Acquires 26 Shares of Netflix, Inc. (NASDAQ:NFLX)

Almanack Investment Partners LLC. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,269 shares of the Internet television network’s stock after acquiring an additional 26 shares during the quarter. Almanack Investment Partners LLC.’s holdings in Netflix were worth $1,131,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after acquiring an additional 642,920 shares during the period. State Street Corp grew its position in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the period. Strategic Financial Concepts LLC raised its stake in Netflix by 112,896.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock worth $340,420,000 after acquiring an additional 381,590 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 299,517 shares of company stock valued at $285,805,037. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $1,013.93 on Friday. The stock’s fifty day simple moving average is $914.82 and its 200 day simple moving average is $787.62. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $433.72 billion, a PE ratio of 51.13, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,027.76.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm posted $2.11 earnings per share. Netflix’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. KeyCorp upped their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Morgan Stanley upped their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Loop Capital lifted their target price on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. TD Cowen increased their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.